Hot Topics

Churchill Downs Reaches New 52-Week High (CHDN)

Churchill Downs (Nasdaq:CHDN) hit a new 52-week high Thursday as it is currently trading at $47.22, above its previous 52-week high of $46.95 with 24,223 shares traded as of 12:20 p.m. ET. Average volume has been 53,700 shares over the past 30 days.

NEW YORK ( TheStreet) -- Churchill Downs (Nasdaq: CHDN) hit a new 52-week high Thursday as it is currently trading at $47.22, above its previous 52-week high of $46.95 with 24,223 shares traded as of 12:20 p.m. ET. Average volume has been 53,700 shares over the past 30 days.

Churchill Downs has a market cap of $743.6 million and is part of the services sector and leisure industry. Shares are up 3.1% year to date as of the close of trading on Wednesday.

Churchill Downs Incorporated owns and operates pari-mutuel wagering properties and businesses in the United States. It offers gaming products through its slot and video poker operations in Louisiana and Florida. The company has a P/E ratio of 21.2, below the average leisure industry P/E ratio of 21.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Churchill Downs as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Churchill Downs Ratings Report.